U.S.
Biden Corporate Tax Proposals Could Cost Carriers Money: S&P
Former Vice President Joe Biden could cost insurers significant cash if he wins the election, thanks to the risk of higher tax bills stemming from his proposed changes to the corporate tax structure, ...
Erie Insurance Revamps Leadership In Claims, Sales and IT Divisions
Erie Insurance disclosed a series of senior leadership changes within its Claims, Sales & Products and Information Technology divisions. The organizational changes at the Erie, Penn.-based ...
Arch Capital to Deepen Investment in Watford With $622M Acquisition
Arch Capital Group Ltd. said it would pay $622 million in cash for Watford Holdings, a Bermuda-based property/casualty insurer and reinsurer it already has a stake in and helped launch in 2014. ...
Western U.S. Wildfires Will Leave Insurers With a ‘Multi-Billion-Dollar’ Bill: Aon
Wildfires across the western United States will leave insurers with a "multi-billion-dollar" bill, Aon concluded in its September 2020 Global Catastrophe Recap. While it will likely take some time to ...
Exiting Insurers, Premium Hikes Pummel Canada’s Wounded Hospitality Business
Canadian hospitality businesses, already reeling from the downturn sparked by the coronavirus pandemic, are facing yet another existential threat as insurance companies spike premiums or exit the ...
Waymo Driverless Taxi Service Relaunching, Expanding in Phoenix
Waymo on Thursday will relaunch and expand its fully automated, robo-taxi ride hailing service in Phoenix, rebooting its effort to transform years of autonomous vehicle research into a ...
Forecast Suggests La Niña Through Winter Is Highly Probable
A U.S. government weather forecaster on Thursday said there is an 85% chance of La Niña conditions continuing through the upcoming Northern Hemisphere winter. The chance of the weather pattern ...
Claims Trends, Risk Exposures Face Long-Term Changes Due to Pandemic: AGCS
The magnitude of the COVID-19 pandemic as an economic loss events is unprecedented for companies and insurers alike and claims trends and risk exposures are likely to evolve in both the mid- and ...